A new section 194R- TDS on benefits or perquisites provided has been introduced in the Finance Act, 2022. Section 194R is applicable with effect from July 01, 2022.  Some important things about Section 194R Its Aim: Earlier companies/ perquisite providers would provide perquisites and/or benefits in either cash or kind to their distributors, channel partners,...Read More

Every taxpayer in India needs to fulfill their statutory obligations as per the due dates set by various authorities. It is important for individuals and various business entities to have a tax compliance tracker, which ensures that they do not miss any deadline. Entities have to comply with many tax-related compliances, like submitting various GSTR,...Read More

During each financial year, employees need to project their investment options and provide an investment declaration to their employer. Employers use this declaration to deduct TDS on salary. The employees need to fill up their declarations on their employee portal and also submit documents as proof of their investment. If employees do not provide sufficient...Read More

Bookkeeping is an understated yet crucial part of accounting and financial management. The role of bookkeeping is to record the financial transactions of a business. It is the stepping stone to making informed decisions regarding the sustainability and scalability of a business. That is why the former CEO and founder of Visa, Dee Ward Hock,...Read More

Come April 1st, 2022 and with it, a new financial year, 2022-2023, brings several changes in tax laws. The Union Budget 2022-2023 has brought about several amendments to the Income Tax Act that would be effective from April 1st, 2022. The government has announced several proposals that are bound to bring about a substantial change...Read More

John C. Maxwell once said, “A leader is one who knows the way, goes the way, and shows the way”. What a leader is for a team, the CFO is for an organization. The CFO is the head of financial operations and is in charge of all the financial activities. Being in charge of the...Read More

The pandemic has forced the business world to change in more ways than one. It was responsible for fast-tracking the digital transformation in business. It is also transforming in leaps and bounds. The accounting division of many organizations started working remotely. Adaptability became the buzzword for sustaining a business.   The year 2021 saw a continual...Read More

Compliance is the buzzword in every business nowadays. The role of the compliance officer thus becomes an integral part of the business framework. As per a report published in the daily ‘The Hindu’, Meta and WhatsApp were scouting for a Compliance Officer or nodal contact in India. The curiosity in knowing more about the role...Read More

There are a number of factors to be considered during mergers and acquisitions. It is a complicated process and hence it needs to be structured properly. The acquirer needs to be aware of what he is getting into and has to be assured that the deal fulfills his expectations. To achieve this the acquirer/ buyer...Read More

What is most difficult about any business other than running it? Ask any business person this question and the answer will most likely be the same. It is to make sure that they meet all the mandatory compliances for the business to run legally. This is, undoubtedly, a tedious task, but it is there for...Read More